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Germany Wins Early Support
On Cross-Border Tax Reform

Dow Jones Newswires

Updated July 27, 1999 12:01 a.m. ET

BONN -- European Union member states are backing German Finance Minister Hans Eichel's initiative to harmonize procedures for taxing cross-border activities of EU companies, the German finance ministry said.

"Eichel and his European partners agree that companies that conduct cross-border business mustn't be allowed to evade legal taxation," the ministry. Mr. Eichel's initiative has "already received positive feedback...